ALIBABA SHARES RISE ON ROBUST CHINA EXPORT DATA

Posted by Joachim Bartels | Dec 28, 2010 | Alibaba, China, Online Media - Buyer - Seller Platforms | 0 |

HONG KONG, Jan 11 (Reuters) – Shares in Alibaba.com (1688.HK), China’s largest e-commerce company, rose 5.2 percent on Monday on hopes that strong export data for China in December will boost the company’s outlook. By 0647 GMT, the stock was trading at HK$19.80, up 5.1 percent. Growth in China’s exports and imports last month blew past expectations, providing fresh evidence of the vigor of the economy and strengthening the case for Beijing to let the Yuan start climbing again. Source: Reuters

BIIA Newsletter February 2010 Issue

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.